Bloomberg said in an emailed statement that the appointment is part of a Canadian expansion, noting that it has increased its headcount by 50% in the last two years. A spokesperson said its Canadian news staff includes more than two dozen employees.

The company — which earns most of its revenue from its financial data terminal business — said Mr. Greenspon will focus on increasing investigative and explanatory journalism in Canada.

“Bloomberg has a business model capable of supporting great reporting and the ambition to be the best wherever it competes,” Mr. Greenspon said in the statement.

He will work along with Bloomberg’s existing managing editor for Canada, David Scanlan, in the Toronto office.